Professional Documents
Culture Documents
Domestic (*)
International
('000,000)
50
Asia Pacific
CAGR 9.88%
27
44
41
4,4%
Latin America
4,2%
M.East
36
32
32
35
30
4,1%
CIS
3,4%
World
20
14
10
25
20
38
44
40
30
4,7%
Africa
52
CAGR 28.75%
51
60
3,3%
North America
2003
2004
2005
2006
2007
2008
2009
2010
Europe
2,7%
2,0%
Source: General Directorate of State Airports Authority (DHMI). (*)Some pax counted double by DHMI
25%
RPK Growth %
20%
15,4% 14,6%
15%
10%
14,1%
5,8%
5%
17,1%
19,4%
Latin America
13,3%
5,9% 6,0%
8,5%
4,3%
2,0%
2,4%
0%
-5%
-10%
-15%
2001
-4,3%
-9,9%
2002
2003
-2,2%
-2,9%
2004
2005
2006
2007
2008
2009
-1,1%
2010
Asia Pacific
6,7%
M.East
6,6%
Africa
5,1%
World
5,1%
CIS
4,3%
Europe
4,3%
North America
6,9%
2,9%
20
TK
AEA
2007
TK
AEA
2008
TK
AEA
2009
TK
AEA
2010
50
40
30
0
0
TK
AEA
1H'11
20
10
TK
2007
9,0
10,4
9,1
8,9
2007
AEA
AEA
TK
AEA
2008
TK
2008
TK
AEA
AEA
2009
2009
Far East
TK
2010
5,5
TK
3,0
0,0
3,0
-6,1
-5,2
-5,3
0,6
3,4
2,0
14,6
16,5
PAX
% Change
AEA
ASK
AEA
TK
2010
ASK
TK
12,3
9,2
12,0
18,6
PAX
9,0
9,9
10,4
11,4
10,4
13,3
13,1
24,3
22,0
17,4
15,8
15,2
19,0
19,7
17,5
11,0
15,8
5,7
6,6
7,0
TK
10,3
14,8
8,8
RPK
AEA
42,4
ASK
Europe
25,6
27,1
PAX
-10
TK
3,1
-0,9
2,6
1H'11
7,7
2,7
0,0
2,6
-5,8
-4,2
-4,5
14,7
10,5
20,0
Middle East
AEA
22,9
28,3
22,4
2010
TK
10
1,0
3,5
0,4
AEA
20
5,0
4,9
1,9
2009
TK
30
4,2
0,7
3,1
60
AEA
RPK
26,3
28,5
2008
TK
ASK
14,4
%Change
AEA
9,9
11,8
9,2
80
TK
11,7
17,4
18,0
2007
12,3
% Change
7,6
12,6
6,1
14,0
13,6
15,7
8,2
0,8
3,8
0
-1,7
3,0
1,2
15,5
11,6
13,8
PAX
-6,0
-5,5
-5,9
40
26,6
35,3
29,9
-10
AEA
11,5
9,4
8,3
TK
54,8
55,2
61,1
4,1
4,2
5,1
10
10,0
4,4
9,5
20
15,6
11,9
19,0
30
30,7
12,9
28,7
Total
RPK
% Change
AEA
1H'11
RPK
-10
AEA
1H'11
Weekly Frequency
7.000
6.000
33.0 mn pax
29.1 mn pax
2011 - 178
Aircraft
25.1 mn pax
5.000
2010 - 153
Aircraft
22.6 mn pax
4.000
2009 - 132
19.6 mn pax
2008 - 127
16.9 mn pax
11.9 mn pax 14.1 mn pax
3.000
2007 - 101
2006- 103
2005- 83
2004-73
2.000
2003- 65
Destinations
10.4 mn pax
1.000
90
100
110
120
130
140
150
160
170
180
190
200
AMERICAS (5)
CHICAGO (7)
NEW YORK (14)
SAO PAULO (4)
WASHINGTON D.C. (5)
ATLANTA
LOS ANGELES(4)
GERMANY (9)
BERLIN (21)
STUTTGART (21)
DUSSELDORF (28)
FRANKFURT (29)
HAMBURG (21)
HANNOVER (14)
COLOGNE(14)
MUNICH (21)
NURNBERG (14)
CANADA (1)
TORONTO (3)
AFRICA (17)
ADDIS ABABA (7)
LAGOS (4)
ALGIERS (7)
NAIROBI (7)
BENGHAZI (4)
TRIPOLI (13)
CAIRO (17)
TUNIS (7)
CAPETOWN (5)
ALEXANDRIA (4)
CASABLANCA (7)
DAKAR (3)
ENTEBBE(3)
KHARTOUM (7)
ACCRA (4)
JOHANNESBURG(5) ORAN
Planning to open
(Weekly Frequency)
EUROPE (75)
AMSTERDAM (21)
ATHENS (21)
BAKU (28)
BATUMI (7)
BELGRADE (7)
BRUSSELS (21)
UKRAINE (6)
U.K. (3)
ODESSA (7)
KIEV (9)
SIMFEROPOL (7)
DONETSK (2)
DNEPROPETROVSK (3)
LVIV(3)
SWITZERLAND (3)
BASEL(7)
ZURICH (17)
GENEVA(14)
SPAIN (4)
RUSSIA (7)
MOSCOW (24)
ROSTOV (3)
KAZAN (2)
ST.PETERSBURG (4)
EKATERINBURG (4)
UFA (4)
SOCHI (3)
NOVOSIBIRSK
BUCHAREST (21)
BUDAPEST (7)
CHISINAU (7)
COPENHAGEN (18)
DUBLIN (7)
GOTHENBURG (7)
FRANCE (4)
LONDON (31)
MANCHESTER (7)
BIRMINGHAM (5)
BARCELONA (18)
MADRID (14)
VALENCIA (4)
MALAGA (3)
PARIS (28)
NICE (10)
LYON (12)
TOULOUSE (3)
ITALY (6)
MILAN (28)
ROME (18)
VENICE (14)
BOLOGNA (7)
GENOA (3)
NAPOLI (3)
TORINO
OTHERS (33)
HELSINKI (10)
LEFKOSA (28)
LISBON (5)
LJUBLJANA (5)
MINSK (4)
OSLO (10)
PRAG (14)
RIGA (4)
PRISTINA (9)
SARAJEVO (7)
SKOPJE (7)
SOFIA (11)
STOCKHOLM (18)
TBILISI (14)
TIRANA (10)
VIENNA (21)
ZAGREB (7)
WARSAW (4)
NAKHICHEVAN (3)
PODGORICA (3)
THESALONIKI (4)
ALMATY (9)
ASHKHABAD (14)
ASTANA (3)
BANGKOK (14)
BEIJING (7)
BISHKEK (7)
DHAKA (4)
DUSHANBE (2)
GUANGZHOU (3)
HO-CHI-MINH (7)
HONG KONG (6)
JAKARTA (7)
KARACHI (4)
MUMBAI (7)
NEW DELHI (7)
OSAKA (5)
SHANGHAI (7)
SEOUL (7)
SINGAPORE (7)
TASHKENT (5)
TOKYO (6)
MANILA
ISLAMABAD
KABUL
MADINAH (13)
ALEPPO (7)
MASHAD (5)
AMMAN (14)
BAGHDAD (7)
MUSCAT (5)
BAHRAIN (7)
SANAA (4)
BASRA (3)
SHIRAZ (4)
BEIRUT (21)
TABRIZ (7)
DAMASCUS (18)
TEHRAN (14)
DOHA (7)
DUBAI (14)
SULAYMANIYAH
ERBIL(2)
DAMMAM
JEDDAH (20)
MOSUL
KUWAIT (7)
NAJAF
RIYADH (7)
ORLU
SNOP
STANBUL
SAMSUN
STANBUL
TRABZON
MERZFON
ANAKKALE
BURSA
BALIKESR
ANKARA
KARS
TOKAT
ESKEHR
ERZURUM
ARI
ERZNCAN
SVAS
MU
NEVEHR
UAK
KAYSER
ZMR
KONYA
DENZL
DALAMAN
ADIYAMAN
ADANA
G.ANTEP
ANTALYA
VAN
DYARBAKIR
K.MARA
ISPARTA
BODRUM
ELAZI
MALATYA
.URFA
BATMAN
SIIRT
MARDN
HATAY
40
2006
2007
2008
2009
2010
1H'10
20
1H'11
70
60
(%)
68,6
50
40
0
2005
2006
2007
2008
2009
2010
1H'10
1H'11
20
20
15
10
80
32,2
(%)
50
70,1
67,7
71,4
22,1
5,0
3,8
4,0
5,3
10,4
8,0
9,0
6,8
8,5
6,4
8,1
5,9
7,1
5,2
5,5
4,0
(Billion)
60
40
72,6
73,1
73,6
L/F (%)
25,4
18,1
70
2005
60
71,1
8
4
80
RPK
54,7
40,0
74,8
47,5
33,3
76,0
37,9
27,8
76,6
ASK
33,5
24,3
73,0
75,4
International
L/F (%)
29,8
20,2
73,2
73,6
75,6
RPK
24,3
17,3
12
ASK
(Billion)
Domestic
7,2
8,9
10,0
11,1
11,7
15,5
13,6
15
5%
6,4
6,7
10
0
2005
2006
2007
2008
2009
2010
1H'10
1H'11
6,9
2005
8,0
2006
9,7
11,5
13,4
15%
7,0
2007
2008
2009
2010
1H'10
8,0
1H'11
ASK
70
60
71,5
68,7
72,7
73,9
73,7
70,9
RPK
L/F %
80
72,2
60
37,5
26,1
30,4
21,9
47,9
(%)
65,1
40,1
56,6
46,3
34,3
41,6
30,3
36,9
25,4
30
29,8
21,3
(Billion)
40
10
1H'10 vs 1H'11
70
50
20
69,5
50
Landing
up by 10.2%
ASK
up by 23.6%
RPK
up by 19.0%
Passenger # ('000)
up by 10.3%
L/F
40
0
2005
2006
2007
2008
2009
2010
1H'10
1H'11
Market Shares
International
Middle East;
15,1%
Europe;
60,3%
Far East;
13,6%
THY 53%
Foreign
Carriers
29%
Other
Turkish
Carriers
18%
Africa; 6,7%
America;
4,3%
Domestic
Other
Turkish
Carriers
47%
THY
53%
Number of Personnel*
20.000
12%
12.951
14.072
15.269
17.119
5.000
2006
2007
2008
2009
2010
17.840
12.807
2005
10.000
15.937
11.121
15.000
0
1H'10
1H'11
2008
2009
2010
829
1.700
2007
1%
841
1.642
2006
1.606
2005
1.516
500
1.323
1.000
1.271
1.500
2.000
1H'10
1H'11
WB Long-Haul
NB Medium Haul
14
12,31
11,00
13,26
11,32
12,49
11,40
14,12
12,06
13,07
11,55
12,48
11,09
11,47
10,18
10
12,38
10,32
12
2005
2006
2007
2008
2009
2010
1H' 10
1H' 11
11
Type
Wide Body
21%
Narrow Body
75%
Cargo
A330
A340
B777-3ER
Total
B737-900
B737-800
B737-700
B737-400
A320
A321
A319
Total
A310-300
A330-200F
TOTAL
Total
14
9
14
37
Owned
52
14
3
27
27
8
131
4
2
174*
11
7
7
11
3
21
13
21
4
65
2
89
2011
14
9
12
35
2
54
14
8.596
7,9
14
14
1.986
5,3
3
3
450
19,4
27
14
4.322
4,2
27
6
5.097
4,1
10
4
1.056
2,8
137
55
21.507
6
4
1
23
2
0,9
178
64
32.406
6,2
Year End Seat Capacity : 32.683
Seat Capacity Change : 17%
17
7
12
36
9
56
12
3
27
31
8
146
4
3
189
34.571
6%
17
7
12
36
10
62
11
0
27
41
8
159
3
4
202
36.854
7%
17
7
12
36
10
71
8
0
27
41
6
163
3
5
207
37.489
2%
2015
17
7
12
36
15
70
2
0
24
41
6
158
3
5
202
36.670
-2%
12
Wide Body
Narrow Body
Cargo
TOTAL
2010
2011
2012
2013
A330
B777-3ER
Total
10
B737-900
B737-800
A321
10
A319
2014
To Be Delivered
2015
TOTAL
2011
2012
10
18
15
17
10
A330-200F
10
29
19
18
11
22
15
20
24
10
65
5
5
92
2015
10
TOTAL
2014
12
10
Total
2013
2
0
15
10
20
18
2
15
17
10
19
18
11
55
3
63
Option aircraft 10 A321-200 and 15 B737-800/900ER became firm order as of March 2011 and total PDP payment for the new firm
orders will be approximately 408 Mn$ of which 45.8 Mn$ has already been paid as of August 2011.
Total PDP payment due from manufacturers is around 694.2 Mn$. (excluding options)
13
ASK %
RPK %
PAX %
10%
8,24%
7,53%
8%
6,14%
6%
5,24%
4,78%
4,15%
4%
2%
3,05%
2,91%
3,65%
3,31%
3,90%
3,69%
4,22%
8,33%
6,95%
6,33%
5,56%
6,43%
5,98%
5,22%
4,14%
THY ranks
forth
in passenger;
fifth
in ASK and RPK
market share
among AEA
member airlines
0%
2005
2006
2007
2008
2009
2010
1H'11
14
6.000.000
13%
5.043.188
42%
4.000.000
40%
38%
11.3%
2.341.857
3.128.895
43%
2.000.000
4.445.217
2.605.391
2.228.814
1.563.254
1.133.527
0
2005
2006
2007
2008
2009
2010
1H'10
1H'11
15
Split by Revenue
Cargo
8,9% Other
4,1%
Pax
86,1%
Charter
0,9%
Africa; 6%
America;
8%
Far East;
20%
Europe;
33%
Domestic;
19%
Middle
East;
15%%
Source: Financial statements released under Turkish CMB standards, converted to Euro using average exchange rates
16
Revenues (Mn)
Others*
Expenses (Mn)
International
Domestic
5.000
3,271
3.000
2.000
1.000
0
1,860
251
1.208
2,247
3,228
373
369
1.814
2.177
4.000
+% 20
2.949
2.266
2,235
1,857
+% 23310
232
1.276
401
471
598
2005
2006
2007
679
2008
636
2009
766
2010
Fuel
4,004
521
321
308
1.468
2,734
Personnel
5.000
4,236
4.000
Other
1.564
349
361
1H'10
1H'11
3.000
2.000
2,199
1.000
0
1.132
2,917
2.024
+% 32
2,370
1.240
1,804
928
2,449
2,837
1.216
622
1.549
1,797
887
656
436
441
452
572
614
661
976
712
2005
2006
2007
2008
2009
888
1093
406
502
2010
1H'10
1.103
494
773
1H'11
8,0
Personnel/ASK
Fuel/ASK
Others /AKK
30%
6,05
6,0
5,95
5,89
6,15
6,12
Domestic
International
6,32
19%
20%
5,16
19%
18%
4,0
2,0
3,14
1,47
1,45
3,07
1,66
1,22
2,92
1,59
1,37
2,67
2,74
2,11
1,26
1,34
1,16
3,11
1,68
1,36
10%
2006
2007
2008
2009
2010
6%
2,94
2,06
1,32
2005
Total
1H'11
1%
0%
-10%
-20%
2006
-5%
-6%
-7%
2007
-5%
-6%
3%
3%
5%
5%
2008
11%
2009
2010
1H'11
-14%
-15%
-17%
-30%
Source: Financial statements released under Turkish CMB standards, converted to Euro using average exchange rates
18
Domestic
5%
0%
2%
2006
-10%
-20%
3%
-8%
1%
2007
International
Total
9%
7%
8%
10%
5% 5%
7%
4%
2008
2009
2010
20%
Domestic
10%
7%
10%
2%
1%
1H'110%
-13%
-13%
-16%
1%
0%
-10%
-20%
1%
2006
7%
International
15% 13%
9%
6%
4%
3%
2007
Total
2008
2009
-6%
2010
0%
1H'11
-4%
-4%
-16%
-17%
-17%
Source: Financial statements released under Turkish CMB standards, converted to Euro using average exchange rates
19
( Mn)
Fuel
Personnel
Landing
Ground handling
Depreciation
Sales and Marketing
Rents
Maintenance
Passenger Catering
Others
Advertising
General Administration
Insurance
TOTAL
Op.Cost per ASK ()
Op.Cost per ASK () except fuel
1H'10
% in Total
1H'11
% in Total
11/'10 %
502
406
144
112
109
129
107
82
99
55
24
16
9
1.797
5,92
4,26
28%
23%
8%
6%
6%
7%
6%
5%
6%
3%
1%
1%
1%
773
494
174
159
151
150
124
114
104
59
40
16
13
2.370
6,32
4,26
33%
21%
7%
7%
6%
6%
5%
5%
4%
2%
2%
1%
1%
54%
22%
21%
41%
38%
16%
16%
38%
5%
6%
67%
0%
40%
32%
7%
0%
20
EBITDAR Margin %
30,0
22,3
20,0
17,2
20,2
22,9
16,5
15,9
10,0
negative impact on
EBITDAR.
14,9
AVG (2005-2010):19,2%
6,2
0,0
2005
2006
2007
2008
2009
2010
1H'10
1H'11
(Mn)
Revenue
Net Income
Net Income Margin (%)
EBIT
EBIT Margin (%)
EBITDA
EBITDA Margin (%)
EBITDAR
EBITDAR* Margin (%)
2006
2.247
99
4,4
48
2,1
235
10,5
358
15,9
2007
2.734
149
5,5
285
10,4
490
17,9
610
22,3
2008
3.228
598
18,5
391
12,1
541
16,8
653
20,2
2009
3.271
260
7,9
355
10,8
571
17,5
751
22,9
2010
4.236
144
3,4
232
5,5
462
10,9
700
16,5
1H'10
1.857
115
6,2
60
3,3
170
9,1
277
14,9
1H'11
2.235
-248
-11,1
-135
-6,1
15
0,7
140
6,2
21
18,3
15,9
13,8
15
11,8
10
10,0
8,1
6,2
5,8
4,7
3,5
0
LAN
SQ*
(Mn )
Revenue
Expense
Net Income
EBIT
EBIT Margin (%)
EBITDA
EBITDA Margin (%)
EBITDAR
EBITDAR Margin (%)
SAS
TK
2.235
2.370
-248
-135
-6,1%
15
0,7%
140
6,2%
UA
UA
12.499
11.914
226
584
4,7%
1121
9,0%
1471
11,8%
IAG
LH
11.490
11.729
-248
-239
-2,1%
571
5,0%
666
5,8%
AA
8.082
8.297
-501
-214
-2,7%
162
2,0%
382
4,7%
AF*
IAG
7.773
7.685
71
88
1,1%
579
7,4%
779
10,0%
TK
LH**
AA
AF*
6.220
6.365
-197
-145
-2,3%
261
4,2%
503
8,1%
SAS
2.234
2.180
19
55
2,5%
224
10,0%
308
13,8%
SQ*
2.007
2.001
25
6
0,3%
242
12,1%
319
15,9%
AY
LAN
1.871
1.726
79
145
7,8%
282
15,1%
342
18,3%
AY
1.080
1.148
-57
-68
-6,3%
-9
-0,8%
37
3,5%
22
892
829
800
CASK
11,86
807
9,92
10
9,57
9,52
510
504
7,92
8
440
423
221
200
192
4
2
3,84
2,23
3,35
2,89
2,90
2,51
3,27
2,17
2,06
0
TK
UA
AA
LAN
AY
IAG
LH
7,40
7,35
6,87
6,32
400
SAS
Fuel/ASK
9,09
651
600
Personnel/ASK
SQ*
AF*
SAS
AA
AF*
UA
1,55
LH**
2,44
2,27
1,57 1,47
1,83
1,82
AY
LAN
IAG
2,77
1,02
SQ*
2,06
1,32
TK
Average Consumption
40
23.84 Litres/100 ATK
30
28,72
27,83
27,07
26,76
25,21
25,73
25,68
20
10
0
2005
2006
2007
2008
2009
2010
1H '10
1H '11
3,27
2,77
2,51
2,44
2,27
2,23
2,17
2,06
UA
SQ*
AF*
LAN
IAG
SAS
LH**
TK
24
Revenue by Currency
USD; 15%
Other; 38%
EURO; 34%
TRY; 13%
Expenses by Currency
Other; 7%
USD; 43%
TRY; 39%
EURO;
11%
25
Award 2011
Is the only 4 Star Airline in all categories in Europe
26
27
THANK YOU
E-Mail: ir@thy.com
Assets ( Mn)
Cash and Equivalents
Net Trade Receivables
Other Current Assets
Total Current Assets
Net Fixed Assets
Other Long Term Assets
Total Long Term Assets
Total Assets
Liabilities (Mn)
Short Term Lease Obligations
Accounts Payable
Passenger Flight Liabilities
Other Current Liabilities
Total Current Liabilities
Long Term Lease Obligations
Retirement Pay Provision
Other Long Term Liabilities
Total Long Term Liabilities
Share Capital*
Restatement Effect
Restricted Profit Reserves
Differences from Currency Translation
Cash Flow Hedge Fund
Retained Earnings
Net Profit For the Year
Total Shareholders Equity
Total Shareholders Equity & Liabilities
2005
304
121
95
520
1.657
224
1.882
2.402
2005
113
161
149
332
755
540
72
249
861
110
1.180
5
0
0
-596
87
786
2.402
2006
197
135
241
573
1.667
155
1.822
2.395
2006
118
172
174
113
577
780
63
106
949
95
1.010
4
0
0
-336
97
869
2.395
2007
281
144
445
870
1.891
117
2.008
2.878
2007
132
213
222
127
694
918
77
109
1.104
103
1.017
36
0
0
-230
155
1.081
2.878
2008
236
163
825
1.224
2.362
110
2.471
3.695
2008
196
203
228
146
773
1.307
67
154
1.528
82
781
0
2
0
0
530
1.395
3.695
2009
505
205
585
1.295
2.227
445
2.672
3.967
2009
191
259
272
180
902
1.192
70
208
1.471
405
520
11
2
-1
399
259
1.595
3.967
2010
397
282
1.025
1.704
3.145
348
3.493
5.197
2010
241
359
329
311
1.240
1.798
83
247
2.128
488
548
19
2
8
624
140
1.829
5.197
1H'11
311
383
850
1.544
3.715
455
4.170
5.713
1H'11
286
384
560
358
1.588
2.525
80
149
2.754
426
478
17
4
11
666
-231
1.371
5.713
In converting the TRY reported results to EURO, year-end EURO exchange rates were used
29
2005
2006
2007
2008
2009
2010
1H'10
1H'11
11/10 %
Operating Revenues
1.860
2.247
2.734
3.228
3.271
4.236
1.857
2.235
20%
Operating Expenses
-1.804
-2.199
-2.449
-2.837
-2.917
-4.004
-1.797
-2.370
32%
Operating Profit
66
48
285
391
355
232
60
-135
-324%
255
153
127
30
42
75
38
31
-19%
-166
-34
-6
-111
-60
-65
-109
-17
-84%
145
167
407
310
337
242
-10
-121
1075%
-19
-16
-5
-71%
174
753
80
37
212
82
-61%
-36
-62
-380
-376
-80
-77
-39
-269
597%
109
105
209
688
343
184
147
-312
-312%
Taxation
-26
-6
-59
-90
-83
-40
-32
65
-300%
Net Income
83
99
149
598
260
144
115
-248
-316%
In converting the TRY reported results to EURO, the period average EURO exchange rates were used
30
TURKISH CARGO
Leading cargo carrier in total export and import
cargo in Turkey.
Revenue (Mn)
350
300
250
37%
201
206
2005
2006
2007
2008
2009
198
179
50
175
100
160
150
145
315
200
2010
1H'10
1H'11
31
THY -Cargo
International
400.000
Domestic
33.380
2005
2006
2007
37.732
2008
166.410
30.321
39.073
132.197
161.158
145.149
126.492
114.653
100.000
201.402
200.000
+% 22
274.266
(Tons)
300.000
36.407
39.144
19.568
19.056
2009
2010
1H'10
1H'11
Market vs THY
Turkish Market
THY
600.000
64%
2005
2006
2007
2008
541.360
58%
60%
185.466
289.072
40%
313.956
198.890
395.009
184.222
385.028
348.728
159.873
144.974
150.000
331.115
300.000
57%
238.060
48%
46%
44%
50%
418.038
(Tons)
450.000
80%
20%
0%
2009
2010
1H 2011
32
the Academy.
ground training.
1 FNPT II MCC
3 Flight Training Devices for A320, A330/340 and B777
1 A320 Door Trainer
A340 Business class, B737 Economy Class Cabin
Trainer(CEET)
33
Owned
Year
Established
Paid-in Capital
(Mn.)
Revenue
(Mn. )
Net Profit/Loss
(Mn.)
100%
2006
213,3
187,7
12,5
49%
2008
90,8
37,8
10,2
40%
2010
3,2
50%
2007
12,8
87,4
6,0
Sun Express
50%
1989
33,5
263,4
( 9,6)
49%
1994
9,5
8,6
( 2,0)
50%
2009
21,3
326,8
5,8
50%
2008
5,1
63,5
7,9
HABOM A..*
100%
2011
212,8
51%
2011
3,2
100%
2011
21,3
50%
2011
7,1
1H2011
The Paid-in-capital converted by period-end EURO exchange rates; revenue and profit/loss amounts, converted by the period average EURO exchange rates.
34
TURKISH TECHNIC
THY Teknik A..(Consolidated)
Owned 100% by THY.
During 1H11, posted revenues and net income was 188 mn and 12 mn
respectively.
Main goal is to become one of the biggest MRO Center in the region.
400 aircraft per annum, but also to provide training and other services to civil
aviation industry in Turkey and surrounding region.
First phase of the facility will be completed in the last quarter of 2011.
HABOM expected to be in full capacity starting from the year 2012 and gradually by
35
36
37
87 mn and 6 mn respectively.
Turkish
38
Registrary.
39
SUN EXPRESS
Sun Express (Equity Pick-up)
Founded in October 1989 as a subsidiary company of
Turkey.
other countries.
and 10 mn respectively.
40
41
Flight Safety:
The following have been implemented and monitored by utilizing the
quality system of Turkish Airlines;
Adoption of Safety Management System approach
Implementation of Flight Data Monitoring (FDM) system
Manage and assess the risk of flight operations
Publications to flourish a widespread culture for operational safety
The Flight Safety Department that has direct access to the Accountable
Manager is in charge of the management and oversight of the flight
safety. It also implements the Flight Data Monitoring System, makes
informal Line Observations and investigates the occurrences and
reports (mandatory/voluntary) to promote flight safety.
Quality System:
In accordance with JAR OPS 1, starting with the date of 1999, the
Quality Assurance
and Flight Safety Department, has been
inaugurated. Based on the requirement JAR OPS 1.035, Turkish
Airlines established a quality system dedicated to ensure safe
operational practices and airworthy aeroplanes. Our company is an
IOSA operator since 2005. Nowadays, we are preparing ourselves to
implement ICAOs Safety Management System and Security
Management System.
42
43